No. 35



Iran Orders Five VLCCs From China

The National Iranian Tanker Company (NITC) has ordered fiveVery Large Crude Carriers (VLCCs) from Chinas Dalian New Shipyard, accordingto the state-owned China Daily on 21 August. Each of the five300,000-dwt vessels will be 330 ms. long, 58 ms. wide and 31 ms. deep. The costof the contract was not disclosed, but the China Export and Import Bank willprovide NITC with purchasers credit. NITC is scheduled to receive two of the...